Deloitte Insights

Episode 29: The Basel 3.1 challenge for EU and UK banks

Regulated Radio podcasts

Is the banking sector ready for the implementation of Basel 3.1? Can it manage the complexity of an increasingly fragmented regulatory environment as key regulators look set to diverge from the international Basel standards? In this episode, Deloitte’s global Basel 3 leader, Tom Spellman, and Rod Hardcastle join Scott Martin to discuss the path ahead for implementing Basel 3.1, including the EU’s recent CRD6/CRR3 legislative proposal. Tune in now to hear what is still uncertain and what banks should start doing right away.

Key questions:

  • How has the COVID-19 pandemic affected the progress regulators have made towards implementing Basel 3.1?
  • What did the CRD6/CRR3 proposal in October show us about the EU’s intentions to implement the Basel framework?
  • Are other major jurisdictions, such as the UK and US, likely to follow the EU in delaying the implementation of Basel 3.1?
  • How much of a challenge is regulatory divergence in prudential standards for cross-border banks?
  • What ‘no regret’ actions should banks start taking this year before the rulemaking process is completed?

Speakers

Thomas Spellman
Partner
Risk Advisory

Tom leads Deloitte's Risk and Capital Management team in London. He has over 20 years experience working and leading major Risk, Finance and Treasury transformation programs at Tier 1 UK and global financial institutions. Tom has significant experience in the design and implementation of Basel programs, across both capital and liquidity topics. He has also supported major institutions to define and implement supporting systems for risk and finance reporting.

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Rod Hardcastle
Director
Regulatory Capital Specialist

Rod is a Director in the EMEA Centre for Regulatory Strategy and has over 25 years of experience in Financial Services, both as a practitioner - including roles at major full service banks in the UK - and in advisory roles. Rod is a subject matter expert in bank regulation, particularly prudential regulatory capital, credit risk management and the Internal Ratings Based approaches.

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Scott Martin
Senior Manager
EMEA Centre for Regulatory Strategy

Scott is a Senior Manager in the Centre for Regulatory Strategy advising on international banking regulation, with a particular focus on bank capital, strategy, cyber risk and public policy-making processes.

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Transcript

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